NBL Pensioner Loan

This loan is provided to pension holder consuming pension through Nepal Bank Limited after got retirement from different government organizations, corporations etc.

Purpose of loan :  To meet personal obligation

Loan Limit :  Minimum 4 years of monthly pension or 15 lacs whichever is minimum

EMI : Maximum Half of monthly Pension or as per NRB directives for personal loan and quaterly interest only in the case of overdraft loan

Period of Loan : 

•    Pension Term loan = Maximum 5 Years or 75 Years age at time of maturity

•    Pension  Overdraft Loan =  for 1 Year

Eligibility 
•    Borrower, guarantor, and related person must be Nepalese citizen
•    Borrower must have pension account at Nepal Bank limited
•    Civil servant, police, army, teacher and retired employee of NBL obtaining pension from Nepal bank are eligible for this loan
•    Loan will be providing against the pension patta and the pension amount

Loan terms

• Term loan Tenure will can be 5 years or maximum 75 years age at the time of maturity of loan for term loan
• Overdraft loan shall be maximum Rs. 5 lakh and will be revolving nature with 1-year tenure
• Loan amount minimum 4 years of monthly pension amount or the 15 lakhs whichever is minimum

Document required:

Identification Related

• Personal identification of borrower, guarantor and all related persons
• Photographs of borrower and guarantor
• Family details of the borrower verified by loacal authority
• Pension patta

Income related

• Monthly Pension amount is the main source of the loan and interest payment
• Loan will be provided on the behaf of the pension patta and its income justification